Trading Idea: - Is Apollo close to Resistance?

New York, January 23rd (TradersHuddle.com) - Shares of Apollo Group, Inc. (NASDAQ:APOL) are trading very close to calculated resistance at $20.43. The stock ended the trading session at just $20.28, which is near levels that make it difficult to buy or start a position.

Apollo Group, Inc. (NASDAQ:APOL) provides higher education programs mainly for working adults. The Company provides educational programs and services at the high school, undergraduate, and graduate levels online and on-campus through subsidiaries.

Apollo's stock range is defined by its calculated support defined at $18.52 and by the resistance level at $20.43; the stock is clearly over-extended from support, making it harder for participants to establish fresh longs.

Traders don't have a clear entry point for Apollo. However, as the stock pulls back towards $18.52 it will definitely provide a reference point to establish a trade. On the other hand, if the stock breaks above its resistance level at $20.43 then traders will get an opportunity to enter the stock as it moves to a higher range.

TradersHuddle Search

Stock Search:


Site Search:

Loading

Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

Loading
Chart
o Dow Jones 16,677.90 0.00 (0.00%)
o S&P 500 1,950.82 0.00 (0.00%)
o NASDAQ 4,452.79 0.00 (0.00%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:16,677.90 Trade time:4:32PM EDT Value change:0.00 (0.00%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:1,950.82 Trade time:4:32PM EDT Value change:0.00 (0.00%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,452.79 Trade time:5:15PM EDT Value change:0.00 (0.00%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.